SEPTEMBER CANNOT BULGE CRYPTO EVEN CHINA CAN'T
Sometimes I sound like in two days, crypto will grow 6%. I know September is a month of diversion for crypto but it is not that gloomy. We had some great months behind us and some more in front of us for crypto. Everyday the volume stays within its limit where transactions are mounting on top of each other. As a whole this month does not show any growth whatsoever. Still the marketcap is at near $2 trillion, a number that bring shock and awe to the world market.
China banning crypto could be more devastating than most think. I guess it ain't that bad. You realize a crypto with that caliber change its motion against all crypto in general while promoting at home their own currency. While the country is slowing the growth of crypto at home to favor their banking system, there are still p2p transaction on the bitcoin network in China. Somehow the people wants to use crypto. So far 145 nodes are still running in the mainland. For how long? Time will tell.
After all the way to see crypto is a mean of transaction. If you are not buying and selling or doing any exchanges work, you should hold all crypto you have and find ways to grow it. Crypto market is a parallel market to the traditional market. Less regulation help many places with rapid growth and demand has not stopped since. China has no control over the BTC network. Having crypto growth should help the street in confidence to see they can run their business in crypto.
China does not want crypto, El Salvador embraces crypto. Europe crypto is still running through exchanges. Same thing for the States. I do not think we will get to a place where all crypto will ever get banned in the US. That will be a blow for all the businesses that run for crypto. Like the Coinbase and #mtsr. This could be the reason China banned crypto. They see the way business in US are so intertwined with crypto.
Regulations are another precautions that will slow the growth of crypto. It will help the businesses that involved in it. The trust factor is huge. India as I read it the other day has more people involved in crypto. India and China shared a border as well. We all know from a financial standpoint, freedom does not exist. Crypto is the epiphany for financial freedom. This may never sit well for them. Control is the main thing that put crypto in the crossroad with any government or fiat currency.
One key aspect of crypto, it works where technology is prevalent. There is always a work around for crypto users. Sometimes you have to do the simple thing and you are good to go. Many countries will use crypto to boost their economy. As more users come online, they want to use crypto for everyday action. At the end of the day, everyone likes to have the option. Crypto just does that. Time will come where this option will be accessible and crypto with incentives will prevail.
I know the price in dollar, CNY, EURO, any other currencies are the way to evaluate crypto. The minute you change that mindset and give crypto the asset privilege, you will see why it is important to hold it long term and a month like September just slow your business. So let's say you hold a great amount of Euro in a bank. What can you do with it in the meantime? You may get interest with it but compare to what you get if you hold the same amount in DEFI in the same Euro or similar stable coins. The return is out of this world. This is the true power of crypto. Holding tokens with staking feature is another way to grow your stake.
I always bring Hive to the picture. Hive power is the stake version of Hive. Same thing with Leo. I discovered the other day #splinterlands has their token you can stake and earn while you are playing the game. Crypto offers an infinity of ways and this freedom can really scare a country ill prepared for the wave crypto will bring. One thing they forget when a citizen can manage itself through crypto, this holder tends to cause less havoc in the long run. I know most of you are ready to blow this #hpud out of proportion. Hive needs a moment like this. Same as you I am ready to keep the engagement going. This place is for real. Keep making finance move.
Posted Using LeoFinance Beta
